Shares of this penny stock under Rs 10 hit the 5 percent upper circuit after receiving an order from Oil and Natural Gas Corporation Limited (ONGC). With a market capitalization of Rs 172 crores, the stocks of Madhav Infra Projects Limited are locked in the 5 percent upper circuit on Friday at a price of [...]
Cummins India Limited, the major division of Cummins in India, was established in 1962 and is the top producer of diesel and natural gas engines there. Engine, Power Systems, and Distribution are the three business units that make up Cummins India Limited, one of the seven legal companies that make up the Cummins Group in [...]
Shares of a multibagger healthcare stock hit the 20 percent upper circuit to reach a record high of ₹ 324.65 apiece on the National Stock Exchange (NSE). A huge buying interest emerged after it announced that Tata Capital Healthcare Fund will be buying a stake in it through a preferential issue. The company informed the [...]
One of the biggest providers of mortgage loans for homes in India is LIC Housing Finance Limited (LIC HFL), which has its registered and corporate offices in Mumbai. A LIC subsidiary firm is LIC HFL. The company's primary goal is to offer long-term financing to individuals for the purchase or building of homes or apartments [...]
The banking industry is the backbone of the economy, which also goes through its own phases of ups and downs. When the economy is doing well, loans and borrowings increase, which contributes to good growth in banks. Banks reported impressive results in the June quarter of FY24, with robust margin expansion, healthy loan growth, and [...]
The Life Insurance Corporation of India (LIC) is the country’s biggest Domestic Institutional Investor (DII). It has invested in companies across various sectors and many investors keep track of the changes in its portfolio. Here are a few stocks in LIC’s portfolio that have a current market price of below ₹ 100: Union Bank of [...]
The debt-to-equity ratio is an important indicator to consider when investing in any company’s.The debt-to-equity ratio quantifies the amount of capital raised for the operations of a company. Furthermore, it signifies a company's stability and ability to raise additional capital in order to grow. The debt to equity ratio compares an organisation's liabilities to its [...]
The largest privately owned thermal power producer in India is Adani Power Limited (APL), which is a member of the diversified Adani Group. A 40 MW solar power project in Gujarat and 12,450 MW of thermal power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, and Chhattisgarh make up the company's total power-producing capacity. Shares of Adani [...]
Honasa Consumer Ltd, which owns FMCG brands Mamaearth and The Derma Co, and healthcare tech firm Indegene Ltd have received markets regulator SEBI's clearance to raise funds through Initial Public Offerings (IPOs). Shares of these three companies will be listed on BSE and NSE. In addition, engineering, procurement and construction (EPC) firm Vishnu Prakash R [...]
In order to increase client productivity through outsourced solutions, Quess Corp Limited (Quess) leverages its superior domain expertise and technologically advanced digital platforms. Quess is the top business services supplier in India. The business offers a wide range of managed outsourcing and staffing services supported by technology in areas like sales and marketing, customer service, [...]
One of the greatest commercial conglomerates in India, the Adani Group, is represented by its flagship company, Adani Enterprises Limited (AEL). Adani Enterprises has prioritized developing world-class infrastructure assets that support nation-building over the years. The business has made a substantial contribution to the nation's self-sufficiency by creating unicorns including Adani Transmission, Adani Power, Adani [...]
The benchmark indices closed in the red on Thursday with the NIFTY 50 losing 145 points and closing at Rs 19,381.65. Moreover, the Sensex fell drastically by 542 points and closed at Rs 65,240.68. Listed below are four factors contributing to the bearish behaviour shown by the Indian markets this week: Rating Downgrade to the [...]
Telecom operator Bharti Airtel on Thursday posted a net profit of Rs 1,612 crore for the first quarter ended June 2023, which is nearly flat over earnings in the same period of the previous year. The revenue for the just-ended quarter was 14 per cent higher at Rs 37,440 crore compared to the year-ago period [...]
Dabur Ltd., an international firm that manufactures consumer goods and has its headquarters in Ghaziabad, was founded by S. K. Burman. It is one of the biggest fast-moving consumer goods (FMCG) firms in India that produces natural consumer goods and Ayurvedic medicines. Dabur currently engages in important consumer product categories like Food & Beverages, Home [...]
Sun Pharmaceutical Industries operates in over 100 countries and has a portfolio of offerings chiefly APIs, Branded Generics, Formulations, Intermediates. It is the 10th largest US generis manufacturer with 43 global manufacturing facilities and state of the art R&D facilities. Sun Pharmaceutical on Thursday reported a 2% decline in its consolidated net profit at Rs [...]
PFCCL is the wholly-owned subsidiary of Power Finance Corporation (PFC), a non-banking financial company under the Ministry of Power. PFC Consulting Limited (PFCCL) has transferred two transmission projects to Apraava Energy Private Limited, and one project to Sterlite Power. The selection of the bidder was carried out through a Tariff Based Competitive Bidding (TBCB) process [...]
Indian equity benchmarks BSE Sensex and NSE Nifty 50 ended in the red for eight sessions in a row on Thursday, led by losses in financial shares and Reliance. The Sensex settled at 65,240.68 points (down 0.82 percent), while the Nifty closed for the day at 19,381.65 points (down 0.74 percent). Meanwhile, here are a [...]
Leading financial/investment institutions, commercial banks, and financial services firms founded ICRA Limited (formerly known as Investment Information and Credit Rating Agency of India Limited) in 1991 to serve as an independent and qualified investment information and credit rating agency. The ICRA Group of Companies (Group ICRA) is made up of ICRA and its subsidiaries today. [...]
Benchmark indices Sensex and Nifty closed lower for a third straight day on Thursday in tandem with a bearish trend in global markets and continuous foreign fund outflows. The BSE benchmark tumbled 676.53 points or 1.02 per cent to settle at 65,782.78 on Wednesday. The Nifty fell by 207 points or 1.05 per cent to [...]
One of the fastest growing realty firms in India, Elan Group on Thursday said it has given a Rs 1,000 crore contract to Leighton India for the construction of its luxury housing project in Gurugram. Leighton India is the Indian arm of Leighton Asia, a member of the internationally renowned CIMIC Group, headquartered in Australia. [...]
